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20121108
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cannot win in this economy, then the tipping point has been reached. >> reporter: on the president's "to do" list, economic growth and jobs. immigration reform. and the top priority, those tax cuts set to expire come midnight new year's eve. but whatever difficulties might lie ahead, the president seized his moment early this morning, staking his claim in history with a nod of the lofty rhetoric of his convention speech eight years ago. and his hopes for what might be. >> i believe we can seize this future together, because we are not as divided as our politics suggest. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> reporter: and in that vein, diane, president obama reached out to the house and senate republican leadership, they also pledged to work together to solve this nation's problems. of course, the challenge is turning that rhetoric into reality. diane? >> and we have more on that in a moment. thank you so much, jake. >>> but what about governor romney? after so many years, such a long campaign. what
is the wrong prescription, given where our economy is. >> reporter: is it on the table to talk about? wealthier americans pitch in here. >> i made clear yesterday that raising tax rates is unacceptable and it couldn't even pass the house. putting increased revenues on the table, but through reforming our tax code. and i would do that, if the president were serious about solving our spending problem. and trying to secure our entitlement programs. the president and i have had various conversations. i'm confident that he and i can find the common ground necessary. >> reporter: so, you will talk about it, even if you believe it's the wrong approach, you'll talk about it. >> of course we'll talk about it. we talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows me. he knows that he and i can work together. the election's over. now it's time to get to work. >> reporter: and the speaker seemed confident that after this election, tea party members will be supportive of getting work done. so, i asked, will he still repeal o
the white house today. the president issued a challenge to republicans to end the gridlock over the economy and saying, he thinks voters sent a message, loud and clear. >> reporter: in his first official appearance since re-election, the president signaled to republicans that he is primed for battle. >> i refuse to accept any approach that isn't balanced. >> reporter: unless he and congress come to a deal, the fragile u.s. economy is headed towards something called the fiscal cliff, on january 1st. $6 trillion in tax increases that will hit all working americans and $1.2 trillion in spending cuts, leading to what experts predict will be another recession. the biggest sticking point is whether the bush tax cuts for those who make more than $200,000 a year should expire. the president says they should, it's a case he made over and over on the campaign trail. >> tax cuts. tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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